ESWATINI AML/CFT MUTUAL EVALUATION REPORT

On 1 August, FATF published the MER prepared by the FATF-style regional body, the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), on Eswatini (the former Swaziland in Southern Africa).  It followed an on-site visit in May/June 2021, and criticisms include about awareness levels, the National Strategic Plan 2018-2022, and that the competent authorities in Eswatini suffer from acute resource shortages which has undermined their ability to exercise their mandates and demonstrate acceptable levels of effectiveness across the AML/CFT system.  The criticisms are reflected in the low scores for effectiveness.

https://www.fatf-gafi.org/media/fatf/documents/reports/mer-fsrb/ESAAMLG-Mutual-Evaluation-Report-Eswatini-2022.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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